Jack McClendon

So that is profit on top of everything.

What I will tell you in 2022, last time we had elevated pricing, and that was largely kind of

based on the fear of supply loss that never really happened, right?

The, you know, everybody was saying the Russians were going to lose three to four million barrels a day.

And, you know, we need so we need prices to kind of stimulate more production.

So everybody got really excited.

Everybody got to work.

You know, I will say for a company our size, we authorized a fairly large

capital plan because, as I said, I thought that there was some bite to that bark.

And what happened was, is I authorized everything in May of June when oil was at 100 and then first production came on in August and September when oil was back to 70.

So, you know, you had this big rise in prices, a commiserate rise in costs, obviously not as high, but costs go up.

I mean,

Oil and gas service providers aren't dumb, right?

You know, they see the price of oil go up 20 to 25 percent.

They're like, well, you know, your day rate on a workover rig has just gone from one hundred and seventy five to two hundred.

Yeah.

I mean, it's the service.

The service companies aren't dumb.

The chemical providers might say, well, you know, this is your you know, this chemical you use, this xylene you use is going to go from, you know, 20 bucks a gallon to 40 bucks a gallon because I know you can pay it because I I have a computer and I can see what the price of oil is as well, too.

So what I would tell you, and these are in conversations I've had with a lot of other people in our industry.